Project Management w4

Risk

Likelihood

Severity

Impact

Mitigation Plan

Person in charge

Unexpected increases in equipment costs.

High

High

A huge amount of the budget is related to naturopathic equipment. If the prices increase, the project will exceed its budget.

The inflation rate should be considered for budgeting. Also, alternative solutions such as purchasing used equipment should be on the table.

Project manager, Marketing expert

Political Risk

Average

High

It will impact the process of business registration and obtaining all required certifications for running the naturopathy center.

Have a great understanding of business rules and anticipated other required licenses

Project manager and Business lawyer

Scope creep

Average

Average

"Scope creep" occurs when project clients or other stakeholders add new project requirements after the project execution has started. Scop Creep results in failed client relationships and poor customer satisfaction for businesses.

-Determine the scope of work with details

-Consulting with the department and using the down-up estimate to clarify all duties and details

-Make a contract with the client and mention all work scope and details.

-Add a clause to the contract that would require the employer to pay for the extra work, and the project schedule would change.

Project manager, Business lawyer

Risk

Likelihood

Severity

Impact

Mitigation Plan

Person in charge

Communication risk

Low

High

Misinformation and potential disruption of critical activities

Establishment of a well-defined communication System

Project manager

Operational risk

Low

High

Compromise of the relevance of the project

Monitoring the project's progress keenly

Operational risk manager

Health and safety risk

Average

Extreme

Can lead to health complications, including death

Communicating health and safety policies clearly

Safety Manager

Prescribing errors

Average

High

After establishing the clinic center, we run it for three months. During the starting period, prescribing errors can affect patients' health adversary that can lead to another severe disease or death of the patient.

The risk of prescribing errors can be mitigated by hiring qualified and experienced staff members who can perform their tasks with dedication and enthusiasm. The prescription should be based on the disease's severity.

Lab technicians, Doctors, pharmacist

Risk

Likelihood

Severity

Impact

Mitigation Plan

Person in charge

Lack of resources

Average

Average

Lack of resources can be a major risk after establishing a naturopathic clinic center since it can reduce the use of natural remedies offered by naturopathic clinic centers. People Are likely to move to an alternative available in other clinics to cure cancer owing to lack of resources at the naturopathic clinic center

Availability of all required resources or medicines should be planned prior to the time in order to avoid any risk of lack of resources, project manager should make the resources available in the clinic center.

Project manager

Budget creep

High

High

Imprecise cost estimation Disrupts the progress of the project and causes client dissatisfaction

-Utilizing boat up-down and down-up cost estimation

-presenting a finalized budget after project plan and schedule are complete.

Project manager

Lack of clarity

Medium

High

-It causes scope creep and Budget creep

-Unsatisfied clarinet -It causes delay during the

project -It increases the cost of the

project

-Establish good communication with your team

-Developing good communication with your client and other stakeholders

-Developing Good listening skills

All team members

Risk

Likelihood

Severity

Impact

Mitigation Plan

Person in charge

Poor scheduling

Medium

High

-It causes delay during the project

-It increases the cost of the project

-It Increases project time -It Reduces efficiency and

performance

-Detailed planning is essential to creating a project schedule.

-The project schedule must be accessible to every team member

-find a simple shared calendar would be effective

Project manager